Services

"The hardest thing in the world to understand is the income tax." - Albert Einstein

Frank Rim, CPA, P.C. provides a wide range of services to individuals and small businesses in a variety of industries. At Frank Rim, CPA, P.C. we strive to meet each client's specific needs in minimizing their taxes, planning for the future, and achieving their goals. We take a great deal of pride in providing caring and prompt service with expertise, efficiency and integrity.

Tax Preparation and Planning

At Frank Rim, CPA, P.C. we help our clients stay on track with their tax filing responsibilities and to be proactive about planning for future tax minimization. Diligent tax compliance and minimization are key aspects of financial success and we're happy to provide exceptional service to our clients in these areas. Our expertise, many years of experience, analysis and thorough research allow us to optimize financial opportunities to be found in frequently changing tax laws.

We're proud to serve individuals and small businesses in a wide variety of industries and guide our clients through a full range of tax preparation and tax planning decisions with strategies that minimize their tax liabilities, maximize their cash flow and keep them on track with financial goals. We are focused on proactive communication and creating lasting relationships with our clients. Please reach out to us today to discuss how we can serve you with your tax preparation and planning needs.

IRS Representation

Frank Rim, CPA, P.C. provides prompt and expert representation in helping individuals and small businesses get on track and stay on track with their tax responsibilities. If you have a serious problem with the IRS it is critical to be proactive about addressing it as quickly as possible, but please know that you are not alone. It's common for many individuals and small businesses to fall off track with tax filings and payments, and there is a solution to strategically get on track. These issues become more complicated as time passes, so please call right away to start the process of getting on track and helping us to empower you to make sure it never happens again.

Frank Rim, CPA is a Certified Tax Resolution Specialist and member of the American Society of Tax Problem Solvers and brings over fifteen years of experience in helping individuals and small businesses with tax problems get on track and stay on track with their tax responsibilities. Potential solutions for unfiled tax returns and/or unpaid tax balances include "full-pay" installment agreements, "partial-pay" installment agreements, offers in compromise, and currently-not-collectible status (also know as "hardship status"). Solutions often involve looking at the possibility of penalty abatement, requesting transcripts to evaluate the IRS's legal statute of limitations for collecting a tax liability, and representing our clients before the IRS to prevent collection action from happening during the process of getting on track. It's vital to work with someone who has the knowledge and skillset necessary to work towards minimizing the taxes you pay to get on track.

Everyone's situation is different and it's important to sit down together on the front-end to discuss your unique circumstances and the steps necessary to fix your problem. The people we've met with often talk about the peace of mind and the ability to sleep at night after meeting with us just once and taking the first steps to fix their problem. If you have a tax problem such as unfiled tax returns, an IRS audit, owe the IRS a significant amount of money, or if your bank account has been levied or your wages garnished by the IRS, please call Frank Rim, CPA right away. The professional representation you can find with our firm can put many of your worries at bay.

Cash Flow and Business Advisory Services

Good cash flow management can improve a company's liquidity, reduce costs, and increase profitability. Proactively managing and forecasting cash flow can help a business grow revenue and make the exciting leap to the next level. Ultimately, cash flow management combined with a well-defined plan can help a small business fulfill its potential and can help business owners achieve the goals and quality of life they desire. Frank Rim, CPA, P.C. can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive and eventually to thrive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This plan would be revisited anytime you feel it's necessary, and particularly if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Whether your goal is to grow revenue, improve cash flow, or gain time by gaining control of your business and strategically planning for the future, please give us a call to schedule a Business "Check-up" today. We're passionate about helping small businesses make informed decisions in order to achieve their goals.

Bookkeeping/Write-up

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Accurate record-keeping and timely bookkeeping is essential to a successful business yet can also be complicated and time consuming. Frank Rim, CPA, P.C. can help you with the bookkeeping advice necessary so that you can focus on your core business.

Payroll Services

The right payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns. Please call Frank Rim, CPA, P.C. today to discuss your payroll service needs.

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Frank Rim, CPA, P.C. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.